Vestor Capital Quarterly Commentary
January 5, 2018
All world equity indexes posted excellent gains in 2017. Emerging markets were the best performing, up 37%. After several years of under performance relative to the U.S., developed international indexes were up over 25%. In the U.S., the technology and biotechnology heavy NASDAQ composite index was up just shy of 30%, while the broader U.S. market was up 22%. The U.S. Small Cap index was up 13% in 2017, pausing slightly after very strong gains in 2016.
Continue Reading: Economic and Market Outlook